Tuesday, July 1, 2008

Chrysler is going under. who called it?

i did. Chrysler is going under.

they haven't announced their inevitable bankruptcy filings yet, but sales are down 36% from this time last year.

considering that their only successful cars from the last decade were both rebadged previous-generation Mercedes (300C and Magnum) and considering that the company was sold by Mercedes to a capital management group that is in trouble because of too much money stuck in real estate financing and other subprime products, Chrysler going under is a done deal.

unless the Fed Gov't bails them out.... again.

the 36% sales decline was just the final nail in the coffin.

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